1 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 1
PUBLIC-PRIVATE PARTNERSHIPSIN TRANSPORTATION CONFERENCE
November 14-16 • Washington, D.C.The Mayflower Hotel
23rd ANNUAL
2 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
Sallye E. PerrinSenior Vice [email protected]
Matthew BieschkeDirector of Investor Advisory [email protected]
Parsons Brinckerhoff provides a total package of consulting services for infrastructure projects worldwide. We advise senior decision-makers of private firms, public agencies and financial institutions in all aspects of assessing, developing and delivering projects and programs. Our senior team has successfully helped our clients close international transactions through our services:
• Program Management
• Due Diligence
• Financial Advisory
• Owner’s Engineer
• Public Private Partnerships
• Lender’s Technical Advisor
• Strategic Planning
For career opportunities or more information about Parsons Brinckerhoff,
please visit w w w. p b w o r l d . c o m
2 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 3
AECOM is proud to be a Platinum Level sponsor of the 2011 American Road & Transportation Builders Association’s P3 Conference. AECOM…Creating, enhancing and sustaining the world’s built, natural and social environments.
www.aecom.com
MORE POWERFULLYPARTNERING
3037 ad.indd 1 10/27/11 2:27 PM
Sallye E. PerrinSenior Vice [email protected]
Matthew BieschkeDirector of Investor Advisory [email protected]
Parsons Brinckerhoff provides a total package of consulting services for infrastructure projects worldwide. We advise senior decision-makers of private firms, public agencies and financial institutions in all aspects of assessing, developing and delivering projects and programs. Our senior team has successfully helped our clients close international transactions through our services:
• Program Management
• Due Diligence
• Financial Advisory
• Owner’s Engineer
• Public Private Partnerships
• Lender’s Technical Advisor
• Strategic Planning
For career opportunities or more information about Parsons Brinckerhoff,
please visit w w w. p b w o r l d . c o m
4 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
HOTEL INFORMATION
The Mayflower Hotel1127 Connecticut Ave., N.W.Washington, D.C. 20036P: (202) 347-3000
Registration DeskLocation: PromenadeHours: Tuesday, November 15 from 7:30 a.m. to 7:30 p.m. Wednesday, November 16 from 7:30 a.m. to 3:15 p.m.
*Cover photography courtesy of HNTB Corporation
4 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 5
The Mayflower Hotel1127 Connecticut Ave., N.W.Washington, D.C. 20036P: (202) 347-3000
Registration DeskLocation: PromenadeHours: Tuesday, November 15 from 7:30 a.m. to 7:30 p.m. Wednesday, November 16 from 7:30 a.m. to 3:15 p.m.
lobby level
6 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
The orange square is what we call the HNTB Spark. It’s infused every HNTB project since our foundation in 1914. The Spark is inspiration, the fire of new ideas, and a source of illumination. And, of course, the HNTB Spark builds. It builds technical knowledge, consensus among competing stakeholders, and understanding between policy makers and the public.
Above all, the HNTB Spark builds the most breathtakingly complex infrastructure projects ever conceived — on time and on budget. That’s why HNTB clients feel so confident. They know, ultimately, that the HNTB Spark is something you can build on.
6 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 7
PROUD TO PARTICIPATE IN THE AMERICAN ROAD AND TRANSPORTATION BUILDERS ASSOCIATION.
Earn Success Every Day
Transurban and Fluor are working with the Virginia Department of Transportation to deliver the Capital Beltway HOT Lanes. This Project will:
• Bring congestion relief to the nation’s most congested region
• Efficiently manage existing road capacity to minimize surrounding impacts
• Create jobs and stimulate the local economy
• Improve aging infrastructure and enhance driver safety
• Protect the public interest within a transparent and fair partnership agreement
LANDMARK P3
8 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
MONDAY
TUESDAY
NOVEMBER 14
NOVEMBER 15
PROGRAM OF EVENTS
12:00-4:00 p.m.Optional Project Tour of I-495 HOT Lanes Project and Operations Center(Pre-registration required.)Sponsors: Fluor; The Lane Construction Corporation; Transurban
Directors, Sponsors and Speakers Dinner (Invitation Only)Morton’s The Steakhouse1050 Connecticut Ave., N.W.Washington, D.C. 20036Sponsor: Macquarie Capital Advisors
7:30 a.m.Registration Opens (Promenade)
8:00-9:00 a.m.Opening Breakfast (Grand Ballroom)Welcome: Pete Ruane, president & CEO, ARTBA 2011-2012 ARTBA Chairman Paul Yarossi, HNTB Holdings Ltd., Inc.Sponsors: Cintra US; Flatiron Construction Corp; The Lane Construction Corp.; Peckar & Abramson, LLP
9:00-10:00 a.m.Plenary Session: Federal Reauthorization and PPPs (Grand Ballroom)Moderator: D.J. Gribbin, Macquarie Capital Advisors Speakers: Jim Kolb, House Highways and Transit Subcommittee Jim Tymon, House Highways and Transit Subcommittee (invited) David Napoliello, Senate Environment & Public Works Committee (invited) James O’Keeffe, Senate Environment & Public Works Committee (invited)Sponsor: HNTB Corporation
10:00-10:15 a.m.Networking Break (Promenade)Sponsor: Barclays Capital
8 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 9
10:30-11:45 a.m.Session 1A: Recent P3 Developments in California (East Room)Moderator: Greg Henk, FlatironSpeakers: Kome Ajise, Caltrans P3 Program Manager Roger Moliere, LA Metro Alistair Sawers, Parsons Brinckerhoff Dale Bonner, Cal-Infra Advisors, Inc.
Session 1B: Bridge and Tunnel P3s (Chinese Room)Moderator: Allison Klein, ARTBASpeakers: Mark Sullivan, Federal Highway Administration Andrew Ancone, Macquarie Capital Advisors Christopher Kane, P3 Collaborative
Session 1C: Building the Ultimate P3 Model Legislation (Senate Room)Moderator: Patrick Rhode, Cintra USSpeakers: Brandon Beach, Georgia P3 Commission (invited) Samara Barend, AECOM Amadeo Saenz, JD Abrams (invited) D.J. Gribbin, Macquarie Capital AdvisorsSponsor: Macquarie Capital Advisors
12:00-1:30 p.m.P3 Entrepreneurs and Projects of the Year Lunch (Grand Ballroom)Master of Ceremony: D.J. Gribbin, Macquarie Capital AdvisorsHonorees: Kome Ajise, CalTrans P3 Program Manager Jordi Graells, Abertis Denver RTD FasTracks Eagle P3 Puerto Rico P3 Authority—PR-22/PR-5
1:45-3:00 p.m.Session 2A: Emerging P3 Markets: Ohio, Arizona, Illinois (East Room)Moderator: Mary Peters, Former U.S. Secretary of the Department of TransportationSpeakers: Gail Lewis, Arizona Department of Transportation Roger Driskell, Illinois Department of Transportation James Barna, Ohio Department of Transportation
Session 2B: P3s & Transit (Chinese Room)Sponsor: American Public Transportation Association Moderator: Mike Schneider, InfraConsult LLCSpeaker: Del Walker, Denver RTD
Session 2C: P3s & Airports: Helping Improvements Take Off (Senate Room) Moderator: Lou Wolientz, Infrastructure Management Group
10 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
3:00-3:15 p.m.Networking Break (Promenade)Sponsors: HDR Engineering, Inc.; InfraConsult LLC 3:15-4:30 p.m.Session 3A: P3 Pipeline: Virginia, Florida, Georgia, and North Carolina (East Room)Moderator: Simon Santiago, Nossaman LLPSpeakers: Tony Kinn, Commonwealth of Virginia, Office of Transportation P3s Steve DeWitt, North Carolina Turnpike Authority Gerald Ross, Georgia Department of Transportation Marsha Johnson, Florida Department of Transportation
Session 3B: High Speed Rail: Privately Viable without Public Funding? (Chinese Room)Moderator: Barbara Schroeder, Lochner MMM Group LLCSpeakers: Nicholas Hann, Macquarie Capital Advisors Kathryn Kaufman, U.S.–Japan High Speed Rail
4:30-4:45 p.m.Networking BreakSponsors: Lochner MMM Group LLC; Transurban
4:45-6:00 p.m.Session 4A: Capital HOT Lanes: Implementing P3s on the Ground (East Room)Moderator: Tony Kinn, Commonwealth of Virginia, Office of Transportation P3sSpeakers: John Lynch, Virginia Department of Transportation Tim Steinhelber, Transurban-Fluor Sharon Gookin, Fluor John Roddy, The Lane Construction Corporation
Session 4B: Do We Need a National Infrastructure Bank? (Chinese Room)Speaker: Sasha Page, Infrastructure Management Group
6:00-7:30 p.m. Networking Reception (Grand Ballroom)Sponsor: Parsons Brinckerhoff
WEDNESDAY NOVEMBER 167:30 a.m. Registration Opens (Promenade)
8:00 a.m.Breakfast Served (Grand Ballroom)Sponsors: AASHTO; Fluor; Gannett Fleming; Granite Construction Inc.; Kilpatrick Townsend LLP; Peckar & Abramson, P.C.
10 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 11
8:30-9:30 a.m.FHWA Plenary Session: Developing a Roadmap for P3s (Grand Ballroom)Moderator: Regina McElroy, Federal Highway Administration, Office of Innovative Program Delivery Sponsor: Federal Highway Administration
9:30-9:45 a.m.Networking Break (Promenade)Sponsor: Nossaman LLP
9:45-11:00 a.m.Session 5A: FHWA Presents: What Do State DOTs Need to Deliver Good P3s? (East Room)Moderators: Jennifer Mayer, Federal Highway Administration Jeffrey Buxbaum, Cambridge SystematicsSponsor: Federal Highway Administration
Session 5B: Recent P3 Developments in Texas, Puerto Rico (Chinese Room)Moderator: Phil Russell, H.W. LochnerSpeaker: Nicolas Rubio, Cintra US
Session 5C: Flavors of P3-Design/Build/Finance (Senate Room)Moderator: David Sikorsky, AECOMSpeakers: Ronaldo “Nick” Nicholson, District Department of Transportation Mike Kehoe, PCL Construction Enterprises, Inc. Stephen Jones, NatixisSponsor: AECOM
11:00-11:15 a.m.Networking Break (Promenade)Sponsor: CH2M Hill
11:15 a.m. -12:30 p.m.Session 6A: FHWA Presents: What Makes a Project a Good Candidate for Development as a P3? (East Room)Moderators: Jennifer Mayer, Federal Highway Administration Jeffrey Buxbaum, Cambridge SystematicsSponsor: Federal Highway Administration
Session 6B: What Contractors Need to Know about P3s (Chinese Room)Moderator: Neal Sweeney, Kilpatrick Townsend LLPSpeaker: Chris Kane, P3 Collaborative LLCSponsor: Kilpatrick Townsend LLP
12:30-1:45 p.m.Keynote Luncheon (Grand Ballroom)Master of Ceremony: Matt Cummings, AECOMSponsor: AECOM
12 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
2:00-3:15 p.m.Session 7A: Managed Lanes 2G (East Room)Moderator: Robert Poole, Reason FoundationSpeakers: Matthew Fowler, Georgia Department of Transportation Jim Bourgart, Parsons Brinckerhoff Cissy Kulakowski, Wilbur Smith Associates
Session 7B: Comparing U.S. and Canadian Experiences (Chinese Room)Moderator: Matt Girard, FlatironSpeakers: Amanda Farrell, Partnerships British Columbia Matthew Kattapuram, Infrastructure Ontario Dave Jull, MMM Brad Watson, KPMG Joe Wingerter, Kiewit Corporation Harry Seekings, Infrared Capital Partners
Session 7C: What Does a Credit Downgrade Mean for Private Infrastructure Investment? (Senate Room)
3:30 p.m.Departures
3:30-4:00 p.m. ARTBA P3 Division Board of Directors Meeting (Senate Room)
AASHTOCenTer fOr exCellenCe in prOjeCT
finAnCeExpertise. Research. Consulting.
Center for Excellence in Project Finance
Technical Assistance Program
Professional Education Research Services
Wharton Transportation Executive Program
Technical Workshops for Transportation Professionals
Project Finance Seminars
Information Dissemination
TECHNICAL SErvICES OFFErEd
Wharton Transportation Executive Program
Technical Workshops for Transportation Professionals
Project Finance Seminars
Technical Assistance Program
research Services
Information Exchange
The AASHTO Center for Excellence in Project Finance welcomes collaborative opportunities with all transportation stakeholders. Please contact Joung Lee, Deputy Director of the Center, at 202.624.5818 or [email protected] to discuss how we can work together. You can also access robust transportation finance and project profile information at our website at http://www.transportation-finance.org
www.transportation-finance.org
MISSION “To provide support to State transpor-
tation departments in the development of finance
plans and project oversight tools and to develop
and offer training in state-of-the-art financing
methods to advance projects and leverage funds.”SAFETEA-LU Section 5309(c)(4)
Register Now for ARTBA’s 2011 Regional Meetings
November 28-29Radisson Martinique on Broadway49 West 32nd StreetNew York, NY 10001212.736.3800
December 5-6The Westin Los Angeles Airport Hotel5400 West Century BoulevardLos Angeles, CA 90045310.216.5858
See FULL MEETING AGENDAS andREGISTER at www.artba.org/regionalmeetings,or contact Ed Tarrant: [email protected].
Northeastern
SouthernNovember 30 – December 1
Renaissance Tampa International Plaza Hotel4200 Jim Walter Boulevard
Tampa, FL 33607813.877.9200
Western
CentralDecember 7-8Hyatt Regency O’Hare
9300 Bryn Mawr AvenueRosemont, Illinois 60018
847.696.1234
12 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 13
Register Now for ARTBA’s 2011 Regional Meetings
November 28-29Radisson Martinique on Broadway49 West 32nd StreetNew York, NY 10001212.736.3800
December 5-6The Westin Los Angeles Airport Hotel5400 West Century BoulevardLos Angeles, CA 90045310.216.5858
See FULL MEETING AGENDAS andREGISTER at www.artba.org/regionalmeetings,or contact Ed Tarrant: [email protected].
Northeastern
SouthernNovember 30 – December 1
Renaissance Tampa International Plaza Hotel4200 Jim Walter Boulevard
Tampa, FL 33607813.877.9200
Western
CentralDecember 7-8Hyatt Regency O’Hare
9300 Bryn Mawr AvenueRosemont, Illinois 60018
847.696.1234
14 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
www.macquarie.usContact Nick Butcher on 212 231 6448 or Chris Voyce on 212 231 1702
Leading the field at every turn
With one of the largest infrastructure advisory teams in North America, Macquarie offers a unique perspective as an experienced advisor, investor and asset manager across the infrastructure spectrum.
Whether advising on groundbreaking transactions such as the Chicago Skyway lease, the acquisition of Puget Energy, Florida’s I-595 Corridor and Port of Miami Tunnel projects, or the recent concession of Puerto Rico’s PR-22/5, Macquarie consistently helps its clients, partners and investors stay ahead of the pack.
17 years of infrastructure innovation for clients, partners and investors
Macquarie Capital (USA) Inc. is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia), and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Capital (USA) Inc.
14 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 15
TABLE TOP DISPLAYS
AECOMFederal Highway AdministrationKilpatrick Townsend LLCNational Workzone Safety Information ClearinghouseParsons Brinckerhoff
Please visit the following conference exhibitors located in the Promenade:
16 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
Hudson-Bergen Light Rail Transit System Design-Build8th Street Station • Bayonne, N.J.
www.gannettfl eming.com • Offi ces Worldwide • 800.233.1055
Light Rail Transit • High Speed Rail • Roadways/Interchanges • Bridges Toll Roads • LEED® Certifi ed Facilities • Busways
Engineering Innovation
2011 ARTBA P3_5.5x4.25.indd 1 11/1/2011 5:23:25 PM
© Fluor/Lane I-495 Capital Beltway (HOT) Lanes, VA
The preferred partner to connect and improve the communities and world in which we live.
Corporate Office:90 Fieldstone CourtCheshire, CT 06410203.235.3351LaneConstruct.com
16 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 17
Hudson-Bergen Light Rail Transit System Design-Build8th Street Station • Bayonne, N.J.
www.gannettfl eming.com • Offi ces Worldwide • 800.233.1055
Light Rail Transit • High Speed Rail • Roadways/Interchanges • Bridges Toll Roads • LEED® Certifi ed Facilities • Busways
Engineering Innovation
2011 ARTBA P3_5.5x4.25.indd 1 11/1/2011 5:23:25 PM
© Fluor/Lane I-495 Capital Beltway (HOT) Lanes, VA
The preferred partner to connect and improve the communities and world in which we live.
Corporate Office:90 Fieldstone CourtCheshire, CT 06410203.235.3351LaneConstruct.com
We put the Partnership in PPP. Flatiron, one of the largest infrastructure contractors in the U.S. and Canada, and
HOCHTIEF PPP Solutions North America provide clients with a single source
for integrated project development and delivery. From financing and design to
construction and operation, Flatiron and HOCHTIEF provide turn-key solutions for
PPP projects. Learn more online at www.flatironcorp.com/ppp.
Peckar&AbramsonLegal Services to the Construction Industry
WASH INGTON , D .C . • NEW YORK • NEW JERSEY • MIAMI • CH ICAGOSAN FRANC ISCO • LOS ANGELES • ORANGE COUNTY • WWW.PECKLAW.COM
Construction, Government Contracts, Compliance,Public-Private Partnerships . . .
A Full Range of Legal Expertise in Support of the Construction and Transportation Industries in One Law Firm.
18 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
The American Public Transportation Association and its Chair Gary Thomas, its President and CEO Michael Melaniphy, and its Public-Private Partnerships Committee Chair Mike Schneider congratulate ARTBA on 23 years in organizing the premier national P3 conference.
THE AMERICAN PUBLIC TRANSPORTATION ASSOCIATION
18 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 19
The American Public Transportation Association and its Chair Gary Thomas, its President and CEO Michael Melaniphy, and its Public-Private Partnerships Committee Chair Mike Schneider congratulate ARTBA on 23 years in organizing the premier national P3 conference.
THE AMERICAN PUBLIC TRANSPORTATION ASSOCIATION
Cultivating Opportunities
A | E | C
www.hdrinc.com
Helping you meet the
infrastructure needs of
your communities with
advanced technology,
multidisciplinary expertise
and innovative thinking.
Offices Worldwide
+ Halcrow
www.ch2mhill.com
Together we bring superior P3 advisory and technical expertise:
Business Case Feasibility Analysis
Transaction Structuring
Financial Analysis
Bid and Procurement Strategies
Transaction Execution
Owner’s Engineer Support Services
© 2011 CH2M
HILL TBG110311022833DEN
20 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
Building transportation infrastructure-particularly projects owned by public agencies—demands complex leadership, management, specialized safety training and negotiation skills not required by general construction managers. That’s why the ARTBA Transportation Development Foundation (ARTBA-TDF) created the “Transporta-tion Builder Institute” (TBI). This first-of-its-kind industry institute includes project management academies and training programs designed exclusively to meet the professional development needs of transportation construction professionals.
PROVIDING CUSTOM PROFESSIONAL DEVELOPMENT PROGRAMS FOR TRANSPORTATION DESIGN & CONSTRUCTION EXECUTIVES
2011-12 schedule P6 Scheduling AcademyDecember 7-9, 2011Washington, D.C. Project Management AcademyJanuary 30-February 3, 2012Washington,D.C.
Register: www.artbatdf.org
20 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 21
PROVIDING CUSTOM PROFESSIONAL DEVELOPMENT PROGRAMS FOR TRANSPORTATION DESIGN & CONSTRUCTION EXECUTIVES
SAVETHE DATE“Walking in Memphis”
2012 ARTBA National Convention
September 11-14Peabody Memphis Hotel
22 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
Kilpatrick Townsend’s Construction & Infrastructure Projects Group has unparalleled experience and credentials in dealing with the risks and legal challenges of major transportation and infrastructure projects. We know the unique implications of the PPP environment as well as the complexities of public procurement and federal funding.
For more information, contact:Neal J. [email protected]
VALUE DRIVERS
www.kilpatricktownsend.com
No matter what your it is, Nossaman gets results. Rely on a law fi rm that understands your infrastructure needs and delivers effective solutions. You defi ne success. Together, we make it happen.
M A K I N G I T H A P P E N .
nossaman.com
InfraInsightBlog.com
Build it. Negotiate it.
Inspire it.Create it. Procure it.
Achieve it. Develop it.
Optimize it. Finance it.
www.fluor.com
Solving Complex Transportation Issues Using PPP and Design Build
© 2011 Fluor Corporation. All Rights Reserved. FLUOR is a registered service mark of Fluor Corporation.
ADGV076011
22 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE WWW.ARTBAP3.ORG 23
No matter what your it is, Nossaman gets results. Rely on a law fi rm that understands your infrastructure needs and delivers effective solutions. You defi ne success. Together, we make it happen.
M A K I N G I T H A P P E N .
nossaman.com
InfraInsightBlog.com
Build it. Negotiate it.
Inspire it.Create it. Procure it.
Achieve it. Develop it.
Optimize it. Finance it.
www.cna.com
CNA AND ARTBA: A STRONG PARTNERSHIP FOR OVER 15 YEARS.CNA helps manage the unique risks of road and transportation builders and offers critical coverages
that aren’t readily offered by other carriers. With CNA, you benefit from the strength of an A-rated
national carrier with local industry expertise. If you’re looking for a partner who can smooth the
roughest business risks … we can show you more.®
For more information, contact your independent insurance agent or visit www.cna.com.
Use of the term "partnership" and/or "partner" should not be construed to represent a legally binding partnership. CNA is a registered trademark of CNA Financial Corporation. Copyright © 2010 CNA. All rights reserved.
LIKE PAVING MACHINES AND ASPHALTGOOD PARTNERS ARE STRONGER TOGETHER.
CNA/CM-114_ArtbaPartnershipJanFeb:Layout 1 1/14/10 9:14 AM Page 1
24 2011 ARTBA P3s IN TRANSPORTATION CONFERENCE
THANK YOU To Our Sponsors for Their Generous Support!
Platinum
Gold
Silver
Bronze
American Public Transportation AssociationFederal Highway AdministrationHNTB CorporationMacquarie Capital Advisors
American Association of State Highway and Transportation Officials Cintra USFlatiron Construction CorporationFluorGannett Fleming, Inc.Granite Construction IncorporatedKilpatrick Townsend LLPPeckar & Abramson, P.C.The Lane Construction Corporation
Barclays CapitalCH2M HILLHDR Engineering, Inc. InfraConsult LLCLochner MMM Group LLCNossaman LLPTransurban